The proposal of the Coalition avenir Québec (CAQ) to “attack the Generations Fund” to finance the tax reduction “stinks” of the leader of the Conservative Party of Quebec (PCQ), Éric Duhaime, he claimed on Tuesday.
“We are seeing a government ready to mortgage the future of the next generation to buy the next election,” said Mr. Duhaime. The latter accuses the caquistes of wanting to increase “inequity between generations” with this commitment.
On Monday, the CAQ promised from 2023 to reduce the rates of the first two tax brackets by 1 percentage point, until the end of a possible second term. In the longer term, the objective would be to reduce them by 2.5 points over 10 years.
In order to finance this tax reduction, the caquists would draw from the payments provided for in the Generations Fund. The sum would be 2 billion dollars per year from 2023 to 2026, and would increase to 5 billion per year from 2032.
However, on August 19, the CAQ promised not to touch the Generations Fund, Radio-Canada reported on Tuesday. “What happened in 10 days for the CAQ to change its mind? asked Mr. Duhaime.
Tuesday morning, the Conservative bus was passing through Mauricie, where the political party is hopeful of making gains. The leader of the PCQ visited two residents of Trois-Rivières to engage in an “educational exercise” to explain the tax cuts proposed by the party.
Of all the political parties, these are the “most generous” reductions, hammered Éric Duhaime, in a press briefing. He proposes to lower the rates of the first two tax brackets by 2 percentage points. As of 2022, the basic personal amount would increase from $16,143 to $20,000.
With Alexandre Robillard and Clémence Pavic
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